AI
Some SSEY DD - feel free to add anything here to the ibox.
I received the mailer as well. 4 pages and NO disclaimer?
"...this $1 stock could jump to $10 overnight..."
"...SSEY has made a $1.07 billion find in Northern Louisania...
...And yet shares are still selling for $1..."
"...Read the enclosed report. Then CALL YOUR BROKER!..."
So, there's the pump, anyone watching L-II for the dump - ie what MM(s) are heavy on the offer and absent from the best bid? If they are coy enough to post a best bid, do they actually hold that bid during prints? ie are they willing to buy, or just sell only.
SSEY 20min delayed L-II...
http://www.otcbb.com/asp/quote_module.asp?qm_page=83398&symbol=SSEY
After reading the board I see some are saying this is a Pinky. It not pink but a fully reporting OTC-BB. Pinky's selectively report or not at all. That is not the case here, there is plenty to read!
Authorized: 843,750,000 shares, par value $0.001 (NASTY)
Issued: 30,806,250 shares (for the quarter ended August 31, 2007)
since inception 2/7/05 - 8/31-07....
Financing Activities
Deferred cost ($25,000 )
Proceeds from issuance of common stock $287,625 Proceeds from convertible units $2,430,000
Advances from related party $6,400
Proceeds from issuance of convertible debentures $1,400,000
Net Cash Provided by Financing Activities $4,099,025
The promo is to find buyers for convertible sellers. That would be how hired Eric Danny. Now is they never hit the bid and wait for buyers to hit the ask, and they are not greedy and let the pps rise, money can be made here.
http://www.sec.gov/cgi-bin/browse-edgar?company=Southern+Star+Energy+Inc.&action=getcompany
3. Convertible Debentures
a) On November 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $600,000 which is due and payable on November 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder. An equity portion representing the beneficial conversion feature has not been recorded, as there was no intrinsic value at the date of commitment. At August 31, 2007, interest expense of $50,000 has been included in accrued liabilities.
b) On December 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $800,000 which is due and payable on December 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder.
Convertible Units
a) On July 11, 2007, the Company entered into a subscription agreement for the issuance of 11.6 units at $50,000 per unit for proceeds of $580,000. Each unit entitles the subscriber to receive 1.98% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1 share for every $0.50 of investment. During the three month period ended August 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $406,000 intrinsic value of the beneficial conversion feature upon issuance.
b) On February 12, 2007, the Company entered into a subscription agreement for the issuance of 37 units at $50,000 per unit for proceeds of $1,850,000. Each unit entitles the subscriber to receive 1% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1.5 shares for every $0.50 of investment. During the year ended May 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $1,369,000 intrinsic value of the beneficial conversion feature upon issuance.
6. Commitments
a) On February 27, 2007 the Company entered into a services agreement with a consultant who will provide consulting services in consideration for $140 per hour of services and 375,000 shares of the Company’s common stock. The Company is to issue 187,500 shares upon the generation of revenues from the D Duck Prospect in excess of all costs reasonably incurred in relation to the drilling of the well. The Company is also obligated to issue 187,500 shares to be held in escrow for a period of one year upon the D Duck Prospect generating more than 15 bullion cubic feet equivalent of natural gas or having reserves greater than $75,000,000 calculated on a 10% discounted cash flow. As at August 31, 2007, no shares have been issued under this services agreement.
b) On May 3, 2007, the Company entered into a marketing agreement with RedChip Companies Inc. (“RedChip”) for an initial term of 12 months in consideration of $7,500 per month, and commencing August 1, 2007, an equivalent value of $5,000 per month payable in shares of the Company’s common stock, the value of which will be determined based upon the closing price of the shares as reported by StockWatch Inc. on the first business day of each quarterly period. The shares will be issued by the Company to RedChip on a quarterly basis no later than ten days after the first day of each subsequent quarter. A late fee of 5% of the monthly fee will be billed if the payment is received more than 15 days after the due date.
c) On June 18, 2007, the Company entered into a services agreement with a financial advisor who will provide services related to assisting the Company in future financing activities in consideration of a 8% cash fee and a warrant to purchase the higher of 8% of the dollar amount or the number of equity securities issued in the financing or 8% of the face value of any debt securities sold in the financing on at least the following minimum terms and conditions: (i) purchase price of $0.01, (ii) exercise price set at the closing price of the Company’s common stock on the closing date of the financing; (iii) warrant term of 3 years; and (iv) The Company has the right on 15 days written notice to require the Warrant holder to exercise the Warrant so long as the closing price of the common shares of the Company equals or exceeds $1.75 per common share for at least 20 consecutive trading days prior to the date of the call notice. The Company paid an initial cash deposit of $25,000, which has been recorded as a deferral cost. Upon successful completion of the future financing, this cost will be recorded as a reduction of additional paid-in capital. If the future financing is not successfully completed, this cost will be charged to the consolidated statement of operations.
7. Subsequent Event
On September 18, 2007, the Company issued a 10% convertible debenture with a principal amount of $1,300,000 which is due and payable on September 18, 2009. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.50 per share, at the option of the holder.
---------
We are an exploration stage company engaged in the acquisition of prospective oil and gas properties. We conduct due diligence on potential acquisitions of suitable oil and gas properties and have acquired various leasehold rights from land owners in an area which comprises approximately 5,300 acres in the prospect area within Bossier Parish and Caddo Parish Louisiana, commonly referred to as the D Duck Prospect. Southern Star Operating currently holds a 40% working interest in the prospect area and is the operator of the prospect. We intend to undertake exploration activities and, if warranted, develop the properties pursuant to the leasehold rights we have acquired within our prospect area. As partial owner of the working interest in and to the leasehold rights, we, together with the other interest holders, have the exclusive right to explore and exploit any oil and gas and mineral resources contained in the prospect area.
The 100% working interest in the prospect is held by the following non-affiliated parties: Dynamic Resources Corp. holds a 20% working interest; Southern Star Operating holds a 40% working interest; and Ramshorn Investments, Inc. holds the remaining 40% interest. The working interest is subject to a royalty interest of approximately 20% for the leases in the prospect area. As a result, the holders of the working interest are entitled to receive 80% of any production from the prospect, less all exploration and development costs, and the holder of the royalty interest is entitled to the remaining 20% of any production. The royalty interest is not responsible for any exploration or development costs.
---
ZERO revenues so far ending 8/31/07...
The Company has been in the exploration stage since completion of its restructuring in November, 2006 and has not yet realized any revenues from its planned operations
-----
VANCOUVER, British Columbia -- 11/13/06 (one year ago - look-up over?) Surge Enterprises, Inc.(OTCBB:SGEI) wishes to announce that, effective immediately, the Company's name has been changed to "Southern Star Energy Inc." and the shares of common stock of the Company will be quoted on the OTC Bulletin Board under the new ticker symbol "SSEG". In addition, the Company has completed a forward split of its shares of common stock on the basis of 7.5 new shares for each old share.
Southern Star Energy, Inc.
205
340 Linden Avenue
Victoria, BC V8V 4E9 (not good, especially with an 844M AS)
Canada
Phone: (250) 858-9862
Transfer Agent:
Pacific Stock Transfer Co.
P.O. Box 933385
500 E. Warm Springs
Las Vegas, NV 89193-3385
ph: (702) 361-3033 (call this number often and ask for the # of outstanding shares!)
Fax: (702) 433-1979
E-mail: Pacific Stock ...
www.pacificstocktransfer.com/contact.html
cut and paste this link...
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=2qu3II8zqRdRNwFdsyAlPg%253d%253d
26 SEC Filings (from 3/14/01 to 7/9/07) involving Boehnke Eric
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1136170
Eric Boehnke, President, Secretary, Treasurer (one man band who knows his way around securities)
3 month daily...
6 month daily...
two year weekly...
Ok, armed with some good info, let the games begin! The "awareness" campaign is underway and the PR spigot is open.
I received the mailer as well. 4 pages and NO disclaimer?
"...this $1 stock could jump to $10 overnight..."
"...SSEY has made a $1.07 billion find in Northern Louisania...
...And yet shares are still selling for $1..."
"...Read the enclosed report. Then CALL YOUR BROKER!..."
So, there's the pump, anyone watching L-II for the dump - ie what MM(s) are heavy on the offer and absent from the best bid? If they are coy enough to post a best bid, do they actually hold that bid during prints? ie are they willing to buy, or just sell only.
SSEY 20min delayed L-II...
http://www.otcbb.com/asp/quote_module.asp?qm_page=83398&symbol=SSEY
After reading the board I see some are saying this is a Pinky. It not pink but a fully reporting OTC-BB. Pinky's selectively report or not at all. That is not the case here, there is plenty to read!
Authorized: 843,750,000 shares, par value $0.001 (NASTY)
Issued: 30,806,250 shares (for the quarter ended August 31, 2007)
since inception 2/7/05 - 8/31-07....
Financing Activities
Deferred cost ($25,000 )
Proceeds from issuance of common stock $287,625 Proceeds from convertible units $2,430,000
Advances from related party $6,400
Proceeds from issuance of convertible debentures $1,400,000
Net Cash Provided by Financing Activities $4,099,025
The promo is to find buyers for convertible sellers. That would be how hired Eric Danny. Now is they never hit the bid and wait for buyers to hit the ask, and they are not greedy and let the pps rise, money can be made here.
http://www.sec.gov/cgi-bin/browse-edgar?company=Southern+Star+Energy+Inc.&action=getcompany
3. Convertible Debentures
a) On November 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $600,000 which is due and payable on November 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder. An equity portion representing the beneficial conversion feature has not been recorded, as there was no intrinsic value at the date of commitment. At August 31, 2007, interest expense of $50,000 has been included in accrued liabilities.
b) On December 1, 2006, the Company issued a 10% convertible debenture with a principal amount of $800,000 which is due and payable on December 1, 2008. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.33 per share, at the option of the holder.
Convertible Units
a) On July 11, 2007, the Company entered into a subscription agreement for the issuance of 11.6 units at $50,000 per unit for proceeds of $580,000. Each unit entitles the subscriber to receive 1.98% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1 share for every $0.50 of investment. During the three month period ended August 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $406,000 intrinsic value of the beneficial conversion feature upon issuance.
b) On February 12, 2007, the Company entered into a subscription agreement for the issuance of 37 units at $50,000 per unit for proceeds of $1,850,000. Each unit entitles the subscriber to receive 1% of the net proceeds from production attributable to the Company’s interest in certain wells located on the D Duck Prospect (Note 2). Each unit is convertible into shares of the Company’s common stock at a rate of 1.5 shares for every $0.50 of investment. During the year ended May 31, 2007, pursuant to EITF 98-5 “Accounting for Convertible Securities and Beneficial Conversion features or Contingently Adjustable Conversion Ratios” and EITF 00-27 “Application of Issue No. 98-5 to Certain Convertible Instruments” the Company recorded the $1,369,000 intrinsic value of the beneficial conversion feature upon issuance.
6. Commitments
a) On February 27, 2007 the Company entered into a services agreement with a consultant who will provide consulting services in consideration for $140 per hour of services and 375,000 shares of the Company’s common stock. The Company is to issue 187,500 shares upon the generation of revenues from the D Duck Prospect in excess of all costs reasonably incurred in relation to the drilling of the well. The Company is also obligated to issue 187,500 shares to be held in escrow for a period of one year upon the D Duck Prospect generating more than 15 bullion cubic feet equivalent of natural gas or having reserves greater than $75,000,000 calculated on a 10% discounted cash flow. As at August 31, 2007, no shares have been issued under this services agreement.
b) On May 3, 2007, the Company entered into a marketing agreement with RedChip Companies Inc. (“RedChip”) for an initial term of 12 months in consideration of $7,500 per month, and commencing August 1, 2007, an equivalent value of $5,000 per month payable in shares of the Company’s common stock, the value of which will be determined based upon the closing price of the shares as reported by StockWatch Inc. on the first business day of each quarterly period. The shares will be issued by the Company to RedChip on a quarterly basis no later than ten days after the first day of each subsequent quarter. A late fee of 5% of the monthly fee will be billed if the payment is received more than 15 days after the due date.
c) On June 18, 2007, the Company entered into a services agreement with a financial advisor who will provide services related to assisting the Company in future financing activities in consideration of a 8% cash fee and a warrant to purchase the higher of 8% of the dollar amount or the number of equity securities issued in the financing or 8% of the face value of any debt securities sold in the financing on at least the following minimum terms and conditions: (i) purchase price of $0.01, (ii) exercise price set at the closing price of the Company’s common stock on the closing date of the financing; (iii) warrant term of 3 years; and (iv) The Company has the right on 15 days written notice to require the Warrant holder to exercise the Warrant so long as the closing price of the common shares of the Company equals or exceeds $1.75 per common share for at least 20 consecutive trading days prior to the date of the call notice. The Company paid an initial cash deposit of $25,000, which has been recorded as a deferral cost. Upon successful completion of the future financing, this cost will be recorded as a reduction of additional paid-in capital. If the future financing is not successfully completed, this cost will be charged to the consolidated statement of operations.
7. Subsequent Event
On September 18, 2007, the Company issued a 10% convertible debenture with a principal amount of $1,300,000 which is due and payable on September 18, 2009. The principal and accrued interest on the debenture may be converted into shares of the Company’s common stock at $0.50 per share, at the option of the holder.
---------
We are an exploration stage company engaged in the acquisition of prospective oil and gas properties. We conduct due diligence on potential acquisitions of suitable oil and gas properties and have acquired various leasehold rights from land owners in an area which comprises approximately 5,300 acres in the prospect area within Bossier Parish and Caddo Parish Louisiana, commonly referred to as the D Duck Prospect. Southern Star Operating currently holds a 40% working interest in the prospect area and is the operator of the prospect. We intend to undertake exploration activities and, if warranted, develop the properties pursuant to the leasehold rights we have acquired within our prospect area. As partial owner of the working interest in and to the leasehold rights, we, together with the other interest holders, have the exclusive right to explore and exploit any oil and gas and mineral resources contained in the prospect area.
The 100% working interest in the prospect is held by the following non-affiliated parties: Dynamic Resources Corp. holds a 20% working interest; Southern Star Operating holds a 40% working interest; and Ramshorn Investments, Inc. holds the remaining 40% interest. The working interest is subject to a royalty interest of approximately 20% for the leases in the prospect area. As a result, the holders of the working interest are entitled to receive 80% of any production from the prospect, less all exploration and development costs, and the holder of the royalty interest is entitled to the remaining 20% of any production. The royalty interest is not responsible for any exploration or development costs.
---
ZERO revenues so far ending 8/31/07...
The Company has been in the exploration stage since completion of its restructuring in November, 2006 and has not yet realized any revenues from its planned operations
-----
VANCOUVER, British Columbia -- 11/13/06 (one year ago - look-up over?) Surge Enterprises, Inc.(OTCBB:SGEI) wishes to announce that, effective immediately, the Company's name has been changed to "Southern Star Energy Inc." and the shares of common stock of the Company will be quoted on the OTC Bulletin Board under the new ticker symbol "SSEG". In addition, the Company has completed a forward split of its shares of common stock on the basis of 7.5 new shares for each old share.
Southern Star Energy, Inc.
205
340 Linden Avenue
Victoria, BC V8V 4E9 (not good, especially with an 844M AS)
Canada
Phone: (250) 858-9862
Transfer Agent:
Pacific Stock Transfer Co.
P.O. Box 933385
500 E. Warm Springs
Las Vegas, NV 89193-3385
ph: (702) 361-3033 (call this number often and ask for the # of outstanding shares!)
Fax: (702) 433-1979
E-mail: Pacific Stock ...
www.pacificstocktransfer.com/contact.html
cut and paste this link...
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=2qu3II8zqRdRNwFdsyAlPg%253d%253d
26 SEC Filings (from 3/14/01 to 7/9/07) involving Boehnke Eric
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1136170
Eric Boehnke, President, Secretary, Treasurer (one man band who knows his way around securities)
3 month daily...
6 month daily...
two year weekly...
Ok, armed with some good info, let the games begin! The "awareness" campaign is underway and the PR spigot is open.
Solar Stocks #board-11148
Peak Oil #board-6609
Coal #board-2809
Real Estate Bubble #board-7285
Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948
Global Warming #board-11877
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